401k Plan data: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST plan

THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 401k Plan overview

Plan Name	THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST
Plan identification number	002

THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

THE SOUTHERN CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: THE SOUTHERN CREDIT UNION

Employer identification number (EIN): 580905515

NAIC Classification: 522130
NAIC Description: Credit Unions

Additional information about THE SOUTHERN CREDIT UNION

Jurisdiction of Incorporation: Georgia Department of States Corporations Division

Incorporation Date:

Company Identification Number: 1798211

More information about THE SOUTHERN CREDIT UNION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01 STEVEN RICHARDSON
002 2016-01-01 ROGER RUSSELL
002 2015-01-01 ROGER RUSSELL
002 2014-01-01 JAMES ROGER RUSSELL 2015-09-25
002 2013-01-01 JAMES ROGER RUSSELL 2014-07-30
002 2012-01-01 JAMES ROGER RUSSELL 2013-07-16
002 2011-01-01 ROGER RUSSELL 2012-03-20 ROGER RUSSELL 2012-03-20
002 2010-01-01 J. ROGER RUSSELL 2011-06-02

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01
002	2018-01-01
002	2017-01-01	STEVEN RICHARDSON
002	2016-01-01	ROGER RUSSELL
002	2015-01-01	ROGER RUSSELL
002	2014-01-01	JAMES ROGER RUSSELL	2015-09-25
002	2013-01-01	JAMES ROGER RUSSELL	2014-07-30
002	2012-01-01	JAMES ROGER RUSSELL	2013-07-16
002	2011-01-01	ROGER RUSSELL	2012-03-20	ROGER RUSSELL	2012-03-20
002	2010-01-01	J. ROGER RUSSELL	2011-06-02

Plan Statistics for THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST

401k plan membership statisitcs for THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST

Measure Date Value
2022: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year 2022-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 65
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 27
Total of all active and inactive participants 2022-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 92
Number of participants with account balances 2022-01-01 92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 13
2021: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year 2021-01-01 92
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 73
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 25
Total of all active and inactive participants 2021-01-01 98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 98
Number of participants with account balances 2021-01-01 95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 6
2020: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year 2020-01-01 107
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 70
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 22
Total of all active and inactive participants 2020-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 92
Number of participants with account balances 2020-01-01 91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 9
2019: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year 2019-01-01 100
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 81
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 26
Total of all active and inactive participants 2019-01-01 107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 107
Number of participants with account balances 2019-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 8
2018: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year 2018-01-01 95
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 83
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 17
Total of all active and inactive participants 2018-01-01 100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 100
Number of participants with account balances 2018-01-01 96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 3
2017: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year 2017-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 76
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 19
Total of all active and inactive participants 2017-01-01 95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 95
Number of participants with account balances 2017-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 6
2016: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year 2016-01-01 90
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 80
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 16
Total of all active and inactive participants 2016-01-01 96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 96
Number of participants with account balances 2016-01-01 94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 5
2015: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year 2015-01-01 96
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 74
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 16
Total of all active and inactive participants 2015-01-01 90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 90
Number of participants with account balances 2015-01-01 89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 3

Measure	Date	Value
2022: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2022 401k membership
Total participants, beginning-of-year	2022-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	65
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	27
Total of all active and inactive participants	2022-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	92
Number of participants with account balances	2022-01-01	92
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	13
2021: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2021 401k membership
Total participants, beginning-of-year	2021-01-01	92
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	73
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	25
Total of all active and inactive participants	2021-01-01	98
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	98
Number of participants with account balances	2021-01-01	95
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	6
2020: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2020 401k membership
Total participants, beginning-of-year	2020-01-01	107
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	70
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	22
Total of all active and inactive participants	2020-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	92
Number of participants with account balances	2020-01-01	91
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	9
2019: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2019 401k membership
Total participants, beginning-of-year	2019-01-01	100
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	81
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	26
Total of all active and inactive participants	2019-01-01	107
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	107
Number of participants with account balances	2019-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	8
2018: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2018 401k membership
Total participants, beginning-of-year	2018-01-01	95
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	83
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	17
Total of all active and inactive participants	2018-01-01	100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	100
Number of participants with account balances	2018-01-01	96
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	3
2017: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2017 401k membership
Total participants, beginning-of-year	2017-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	76
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	19
Total of all active and inactive participants	2017-01-01	95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	95
Number of participants with account balances	2017-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	6
2016: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2016 401k membership
Total participants, beginning-of-year	2016-01-01	90
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	80
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	16
Total of all active and inactive participants	2016-01-01	96
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	96
Number of participants with account balances	2016-01-01	94
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	5
2015: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2015 401k membership
Total participants, beginning-of-year	2015-01-01	96
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	74
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	16
Total of all active and inactive participants	2015-01-01	90
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	90
Number of participants with account balances	2015-01-01	89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	3

Financial Data on THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST

Measure	Date	Value
2022 : THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-402,890
Expenses. Total of all expenses incurred	2022-12-31	$527,688
Benefits paid (including direct rollovers)	2022-12-31	$497,798
Total plan assets at end of year	2022-12-31	$11,072,401
Total plan assets at beginning of year	2022-12-31	$12,002,979
Value of fidelity bond covering the plan	2022-12-31	$7,000,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$342,219
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$6,386
Other income received	2022-12-31	$-1,180,522
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-930,578
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$11,072,401
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$12,002,979
Assets. Value of participant loans	2022-12-31	$116,687
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$429,027
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$29,890
2021 : THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$2,055,831
Expenses. Total of all expenses incurred	2021-12-31	$1,303,953
Benefits paid (including direct rollovers)	2021-12-31	$1,274,888
Total plan assets at end of year	2021-12-31	$12,002,979
Total plan assets at beginning of year	2021-12-31	$11,251,101
Value of fidelity bond covering the plan	2021-12-31	$7,000,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$337,452
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$118,166
Other income received	2021-12-31	$1,149,355
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$751,878
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$12,002,979
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$11,251,101
Assets. Value of participant loans	2021-12-31	$130,271
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$450,858
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$29,065
2020 : THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$2,069,059
Expenses. Total of all expenses incurred	2020-12-31	$1,278,551
Benefits paid (including direct rollovers)	2020-12-31	$1,252,413
Total plan assets at end of year	2020-12-31	$11,251,101
Total plan assets at beginning of year	2020-12-31	$10,460,593
Value of fidelity bond covering the plan	2020-12-31	$7,000,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$337,052
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$78,736
Other income received	2020-12-31	$1,209,546
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$790,508
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$11,251,101
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$10,460,593
Assets. Value of participant loans	2020-12-31	$210,366
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$443,725
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$26,138
2019 : THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$2,269,553
Expenses. Total of all expenses incurred	2019-12-31	$865,586
Benefits paid (including direct rollovers)	2019-12-31	$841,051
Total plan assets at end of year	2019-12-31	$10,460,593
Total plan assets at beginning of year	2019-12-31	$9,056,626
Value of fidelity bond covering the plan	2019-12-31	$7,000,000
Total contributions received or receivable from participants	2019-12-31	$327,074
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$8,819
Other income received	2019-12-31	$1,479,745
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$1,403,967
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$10,460,593
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$9,056,626
Assets. Value of participant loans	2019-12-31	$222,391
Total contributions received or receivable from employer(s)	2019-12-31	$453,915
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$24,535
2018 : THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$378,308
Expenses. Total of all expenses incurred	2018-12-31	$382,456
Benefits paid (including direct rollovers)	2018-12-31	$356,329
Total plan assets at end of year	2018-12-31	$9,056,626
Total plan assets at beginning of year	2018-12-31	$9,060,774
Value of fidelity bond covering the plan	2018-12-31	$7,000,000
Total contributions received or receivable from participants	2018-12-31	$307,365
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$39,372
Other income received	2018-12-31	$-400,406
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$-4,148
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$9,056,626
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$9,060,774
Assets. Value of participant loans	2018-12-31	$182,905
Total contributions received or receivable from employer(s)	2018-12-31	$431,977
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$2,790
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$23,337
2017 : THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$1,873,664
Expenses. Total of all expenses incurred	2017-12-31	$1,295,029
Benefits paid (including direct rollovers)	2017-12-31	$1,271,773
Total plan assets at end of year	2017-12-31	$9,060,774
Total plan assets at beginning of year	2017-12-31	$8,482,139
Value of fidelity bond covering the plan	2017-12-31	$7,000,000
Assets. Value of tangible personal property	2017-12-31	$0
Total contributions received or receivable from participants	2017-12-31	$315,667
Assets. Value of loans (other than to participants)	2017-12-31	$0
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$51,061
Other income received	2017-12-31	$1,064,150
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$578,635
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$9,060,774
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$8,482,139
Assets. Value of participant loans	2017-12-31	$220,758
Assets. Value of assets in partnership/joint-venture interests	2017-12-31	$0
Assets. Value of real-estate (other than employer real property)	2017-12-31	$0
Assets. Value of employer securities	2017-12-31	$0
Assets. Value of employer real property	2017-12-31	$0
Total contributions received or receivable from employer(s)	2017-12-31	$442,786
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$1,640
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$21,616
2016 : THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2016 401k financial data
Transfers to/from the plan	2016-12-31	$0
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$1,254,456
Expenses. Total of all expenses incurred	2016-12-31	$489,315
Benefits paid (including direct rollovers)	2016-12-31	$468,952
Total plan assets at end of year	2016-12-31	$8,482,139
Total plan assets at beginning of year	2016-12-31	$7,716,998
Value of fidelity bond covering the plan	2016-12-31	$7,000,000
Total contributions received or receivable from participants	2016-12-31	$298,112
Expenses. Other expenses not covered elsewhere	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$40,329
Other income received	2016-12-31	$469,734
Noncash contributions received	2016-12-31	$0
Net income (gross income less expenses)	2016-12-31	$765,141
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$8,482,139
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$7,716,998
Assets. Value of participant loans	2016-12-31	$224,332
Total contributions received or receivable from employer(s)	2016-12-31	$446,281
Value of certain deemed distributions of participant loans	2016-12-31	$0
Value of corrective distributions	2016-12-31	$554
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$19,809
2015 : THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$667,587
Expenses. Total of all expenses incurred	2015-12-31	$1,051,344
Benefits paid (including direct rollovers)	2015-12-31	$1,044,112
Total plan assets at end of year	2015-12-31	$7,716,998
Total plan assets at beginning of year	2015-12-31	$8,100,755
Value of fidelity bond covering the plan	2015-12-31	$7,000,000
Total contributions received or receivable from participants	2015-12-31	$295,022
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$87,183
Other income received	2015-12-31	$-150,613
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$-383,757
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$7,716,998
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$8,100,755
Assets. Value of participant loans	2015-12-31	$284,467
Total contributions received or receivable from employer(s)	2015-12-31	$435,995
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$7,232

Form 5500 Responses for THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST

2022: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: THE SOUTHERN CREDIT UNION 401(K) PLAN AND TRUST 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	THE SOUTHERN CREDIT UNION
Employer identification number (EIN):	580905515
NAIC Classification:	522130
NAIC Description:	Credit Unions

Jurisdiction of Incorporation:	Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number:	1798211